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From artificial intelligence to augmented reality, technology is transforming the Property & Casualty insurance and collision repair ecosystem. Whether your area of focus is collision claims, collision repair, first or third party casualty, workers’ compensation or pharmacy, ̽»¨¾«Ñ¡ is your source for information and expert opinions on the latest technology and business trends.
Collision Claims Increased by More Than 30% While Average Severity Plateaued for Battery Electric Vehicles Last Year
̽»¨¾«Ñ¡ today announced the latest release of its Plugged-In: EV Collision Insights report. This edition features an overview of the most notable annual trends in battery electric vehicle (BEV), mild hybrid electric vehicle (MHEV) and plug-in hybrid electric vehicle (PHEV) collision claims. Following a second year of record sales for new cars with electrified powertrains, claims frequency for repairable BEVs rose to 2.71% in the U.S. and 3.84% in Canada in 2024, a year-over-year increase of 38% and 34% respectively.
Primary Point of Impact Contributing to Differences in Claims Severity for Battery Electric and Internal Combustion Engine Vehicles
̽»¨¾«Ñ¡ today announced the release of its Q3 2024 Plugged-In: EV Collision Insights report. This issue provides an overview of the point-of-impact and severity differences between repairable battery electric vehicles (BEVs) and automobiles with an internal combustion engine (ICE).
̽»¨¾«Ñ¡ and Protech Join Forces to Streamline Calibration Detection
̽»¨¾«Ñ¡ and Protech Automotive Solutions, the largest national provider of ADAS diagnostic scanning and calibration services, today announced that they have signed an agreement to integrate Protech’s ADAS ID3 solution with ̽»¨¾«Ñ¡â€™s Diagnostics as a Service (DaaS) platform and Predictive ADAS functionality.
̽»¨¾«Ñ¡ Technology to Power New Virtual Estimating Service from Collective
̽»¨¾«Ñ¡ today announced that its software solutions are powering a new virtual estimating service from Collective Sourcing, LLC. Created for U.S. auto insurers, the service is designed to reduce claims processing time by combining ̽»¨¾«Ñ¡â€™s damage appraisal technology with auto technical specialists at Collective.